The New York Stock Exchange (NYSE) has filed a proposed rule change with the Securities and Exchange Commission (SEC) to permit the listing of a Bitcoin and Ethereum exchange-traded fund (ETF) from Trump Media & Technology Group.
This filing follows Trump Media’s recent prospectus submission for the Truth Social Bitcoin and Ethereum ETF, which aims to hold 75% Bitcoin and 25% Ethereum. Crypto.com is set to serve as the custodian, execution agent, and liquidity provider for the fund.
The rule change, a necessary regulatory step, is designed to ensure compliance with NYSE’s listing standards and to prevent fraud and market manipulation. However, SEC approval is not guaranteed by this filing.
Trump Media, majority-owned by former President Donald Trump, has increasingly integrated cryptocurrency offerings into its business, which includes the Truth Social social media platform, the Truth+ streaming service, and the financial technology brand Truth.Fi.
Partnering with Yorkville America, Trump Media has previously filed for a standalone Bitcoin ETF and plans to launch additional crypto-related funds, such as the America First Bitcoin Fund and America First Blockchain Leaders Fund.
The SEC has shown a more accommodating stance toward crypto under the current administration, influenced by appointees supportive of digital assets.
Markets reacted mildly to the news with Bitcoin trading at about $106,000 and Ethereum near $2,440, following a brief dip linked to geopolitical tensions.